Year Ended December 31,

2024

2023

2022

Basic

Net income per consolidated statements of income

$

66,686

$

77,268

$

59,425

Less: Earnings allocated to participating securities

—

(365)

(141)

Net income available to common stockholders

$

66,686

$

76,903

$

59,284

Weighted average common shares outstanding including participating securities

11,179,074

11,112,572

10,955,077

Less: Weighted average participating securities

—

(52,462)

(26,056)

Weighted average common shares outstanding

11,179,074

11,060,110

10,929,021

Basic earnings per common share

$

5.97

$

6.95

5.42

Diluted

Net income allocated to common stockholders

$

66,686

$

76,903

$

59,284

Weighted average common shares outstanding for basic earnings per common share

11,179,074

11,060,110

10,929,021

Add: Dilutive effects of assumed exercise of stock options

N/A

170,648

Add: Dilutive effects of assumed vesting of performance based restricted stock

—

69,790

56,711

Add: Dilutive effects of assumed vesting of restricted stock units

76,149

—

43,804

Average shares and dilutive potential common shares

11,255,223

11,129,900

11,200,184

Dilutive earnings per common share

$

5.93

$

6.91

$

5.29